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Genie Reports “Significant Margin Compression” For Retail Segment
Genie Energy, Ltd. reported that it saw “significant margin compression” at Genie Retail Energy (GRE) during the second quarter of 2025
“GRE’s financial results were impacted by wholesale power price increases in some of its supply markets, amplified by high consumption levels from the unseasonably hot weather early this summer,” Genie said
For the second quarter of 2025, GRE’s income from operations decreased 72.7% to $4.0 million, from $14.6 million a year ago, and GRE’s Adjusted EBITDA decreased 70.5% to $4.4 million, from $14.9 million a year ago.
“The decreases primarily reflect increased commodity cost absorbed by GRE compared to 2Q24, driven by increased wholesale commodity prices, and amplified by unseasonably hot weather in some service markets during the quarter,” Genie said
Genie Retail Energy gross profit was $21.3 million for the second quarter of 2025, versus $32.3 million a year ago
GRE meters served as of 2Q25 were 419,000, up from 413,000 as of 1Q25 and 365,000 a year ago.
GRE was serving 414,000 RCEs as of 2Q25, up from 402,000 as of 1Q25 and 343,000 a year ago.
GRE gross meter additions during 2Q25 were 70,000, up from 61,000 during 1Q25 and 53,000 a year ago
GRE churn was 4.8% for 2Q25, versus 5.5% for 1Q25 and 4.6% a year ago. Churn data excludes the impacts of aggregation deal expirations
In the Genie Renewables (GREW) segment, GREW’s second quarter 2025 revenue increased 57.3% to $6.3 million, from $4.0 million in 2Q24, primarily reflecting growth at Diversegy and Genie Solar.
Diversegy, Genie’s energy brokerage and advisory business, increased revenue by 59.5% year-over-year, and contributed the significant majority of GREW revenues in 2Q25
On a consolidated basis, Genie Energy, Ltd. reported second quarter 2025 Adjusted EBITDA of $3.0 million, down from $12.0 million a year ago
